British Land Co PLC (LON:BLND) Receives a Downgrade
Deutsche Bank has issued an update for British Land Co PLC (LON:BLND) shares with a new “Hold” rating in a recent research report revealed on 7 December. Their target price on the stock is now GBX 900.00.
From a total of 21 analysts covering British Land Co PLC (LON:BLND) stock, 15 rate it a ”Buy”, 2 a “Sell”, and 5 a ”Hold”. This means that 68% of the ratings are positive. The highest target price is GBX 1096 while the lowest target price is GBX 741. The mean of all analyst targets is GBX 945.19 with a 16.78% above today’s (GBX 814) stock price. British Land Co PLC was the topic of 54 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank downgraded shares on December 7 to “Hold” rating. BNP Paribas maintained shares with “Outperform” rating and GBX 990 target share price in a report from a November 18. Numis Securities maintained BLND stock in a recent report from December 1 with “Add” rating. JP Morgan maintained the rating on November 18. JP Morgan has a “Overweight” rating and a GBX 1000 price target on shares. Finally, Jefferies maintained the stock with “Underperform” rating in a report issued on a November 23.
The stock closed the day at GBX 814 during the previous session. It is down 3.33% since May 8, 2015 and is downtrending. It has underperformed by 2.25% the S&P500.
British Land Company PLC is a real estate company. The company has a market cap of 8.37 billion GBP. The Firm manages, develops and finances portfolio of properties. It has 5.78 P/E ratio. The Firm focuses on retail locations around the United Kingdom and London offices.